CVN 3.13% 16.5¢ carnarvon energy limited

CEO Newsletter 23 Dec 2016, page-14

  1. 18,672 Posts.
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    WN,

    Welcome back.

    Just wondering, did you hear that figure (60 to 80M) from your source?

    And is that for drilling the same hole (PS2) again or a new hole?

    As to finance, CVN still have about $30M USD in receivable - it could securitize this (similar to mortgage backed securities) or sell the right to receive future revenue to a Merchant bank.

    Another alternative is to sell Outtrim East to Quadrant.

    And we still have about $60M.
 
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